Gold looks well fortified to buck the insanity on Wall Street, so expect it to hang out at worst if the broad averages get goosed higher again today. However, if the June futures break higher, we should expect the rally to hit a minimum 934.10 before week’s end. As the accompanying chat shows, the rally is having little trouble sustaining altitude above a Hidden Pivot midpoint at 907.10. Our benchmark for an irresistible breakout is still 935.90.
GCM09 – Comex June Gold (Last:911.20)
More on this topic
(What's this?)
Patiently Awaiting a Runaway Move in Gold
(Expected Returns, 7/22/10)
A Contrarian Analysis of Gold Market Sentiment
(Investment U, 7/11/10)
Gold Sentiment – A Contrary Indicator
(Red Hot Energy and Gold - Global..., 7/12/10)
Don’t Buy These Gold Stocks
(Learn Mining News, 7/2/10)








Comments on this entry are closed.